715 Cherry Gloucester City Listing Details & Market Data

BROKERS WELCOME & PROTECTED. Property is in an Urban Enterprise Zone!

Urban Enterprise Zone Benefits: 

Reduced Sales Tax: The sales tax in a UEZ is 3.3125%

Tax Free Purchases: Participating businesses can get Tax Free purchases on certain items such as capital equipment, facility expansions, and upgrades.

State Aid: UEZ business can benefit from financial assistance available from agencies such as NJEDA

715 Cherry / 710 Division Street is currently configured as a 13,000 sqft warehouse property with 1000 square feet of office space & 3 Phase Power. Ceiling heights are 21’ with a 17’2” clearing height. It is easily divisible into a 9,500 space (inclusive of the office) and a 3,500 space. Each space will have a private entrance, address, and roll door. 

The 9,500 sq ft space features a 16’ x 14’ roll door with 4’ of clearance. It is possible to keep it as a drive-in or fill in the grade to create a loading dock.

The 3,500 sq ft space features a roll door and entrance. It is possible to drive in. Clearance heights are 13’

At present, there are 3 entry and exit points and 2 roll doors. The Cherry St roll door is drive-in with the potential for the creation of a loading dock as there is 4’ of clearance. Full electric throughout has just been redone at a cost of $40,000. The office space is heated and features a bathroom. 

Minutes to I76, 130 & 10 Minutes to Philly

Annual Property Taxes for whole property are $10,900 per year. The 3,500 sq foot section being responsible for $2,934 and 9,500 at $7,965 on a prorata basis.